#PowellRemarks

Jerome Powell, the Chairman of the U.S. Federal Reserve, indicated a possible change in monetary policy, which could affect financial markets, including the cryptocurrency market. Here are some key points ¹:

- *Change in Monetary Policy*: Powell indicated that the time has come for a change in monetary policy, which could mean a rate cut in September.

- *Impact on Cryptocurrencies*: This potential shift in monetary policy may have a positive effect on the cryptocurrency market, as a rate cut could lead to increased liquidity in the market and higher demand for high-risk assets.

- *Rise in Cryptocurrency Prices*: Following Powell's statements, Bitcoin rose to nearly $104,000, boosting optimism for further increases.

- *Study of Issuing a Digital Currency*: The United States is studying the issuance of a digital currency, and Powell stated, "We are actively working to assess the feasibility of issuing a central bank digital currency."

- *Powell's Position on Cryptocurrencies*: Powell is changing his stance on cryptocurrencies, indicating an unprecedented openness to digital currencies, saying, "We are not against innovation" ² ³.

*Impact of Powell's Decisions on Financial Markets:*

- *Negative Impact on the U.S. Dollar*: A rate cut may lead to a decline in the value of the U.S. dollar.

- *Positive Impact on the Stock Market*: A rate cut typically supports